Embattled medical testing company Theranos today said that it’s closing down clinical labs and Theranos Wellness Centers and thus cutting 340 employees in Arizona, California, and Pennsylvania. It had 790 employees in August, meaning the layoffs affect 43 percent of the company’s workforce. “We will return our undivided attention to our miniLab platform,” Theranos founder […]
Until now, Theranos and those close to the company could claim that its problems were limited to its laboratory in Newark, California, and that it had really done a fine job in Arizona, where most of its testing centers are. That cl...
The company led by Elizabeth Holmes will shut down facilities and shed more than 40% of its workforce as it shifts to developing products for outside labs.
The company will focus on rebuilding after several regulatory investigations